Challenger Logo

Challenger App

Get it on Google PlayGet it on App Store
App Logo

No.1 PSC Learning App

★
★
★
★
★
1M+ Downloads
Get App

Regarding the Soft Loan Against PO for Women Entrepreneurs, what are the key features?

  1. This scheme is specifically for purchase orders received from private sector companies.
  2. The loan carries a simple interest rate of 6% per annum.
  3. The loan amount can cover up to 100% of the purchase order value.
  4. Repayment is due within 1 year of project completion or full settlement.

    AAll

    BNone of these

    Ci, iii

    Dii, iv

    Answer:

    D. ii, iv

    Read Explanation:

    • The Soft Loan Against Purchase Order (PO) scheme for women entrepreneurs in Kerala is designed to offer financial aid for executing purchase orders obtained from Government Departments or Public Sector Undertakings.

    • This scheme operates on similar terms to the seed loan provided by the Startup Mission, featuring a simple interest rate of 6% per annum.

    • The loan is limited to 80% of the purchase order value and is disbursed as an advance against milestone payments.

    • The repayment timeline is structured to be either within one year or upon the project's completion and full settlement, whichever occurs first.

    Related Questions:

    Which of the following statements accurately define or describe the Crude Death Rate?

    1. The Crude Death Rate (CDR) is calculated as the number of deaths per 1000 population in a given geographical area within a specified year.
    2. The Crude Death Rate only accounts for deaths due to natural causes, excluding accidents or violence.
    3. A lower Crude Death Rate always indicates a healthier population regardless of the age structure.

      Which of the following statements correctly define unemployment as per economic principles?

      1. Unemployment is a situation where a person is capable of working physically and mentally at the existing wage rate but cannot find a job.
      2. Unemployment only refers to individuals who are unwilling to work at the prevailing wage rate.
      3. A person who is working part-time against their will is considered fully employed and not part of unemployment statistics.
        The most crucial body for ensuring direct people's participation at the grassroots level in Kerala's decentralized planning process is the:
        Which of the following offices is present as a single unit under e-office in the Kerala Civil Supplies Department?
        According to the Economic Survey of India 2023-24, which of the following statements is correct regarding agriculture’s role in the Indian economy?